British and American families facing gross increase in house payments due to rise in interest rates
at 05:17 on January 7th, 2008
More misery for middle class consumers while politicians play games.
at 11:59 on January 7th, 2008
Sorry to disagree, but Politicians do not play a role in consumer spending, especially those consumers who live beyond their means. There is a good reason why consumers want the champagne lifestyle on a beer budget, Easy credit, short term low interest charges as an enticement. I would blame the banks for allowing everyone credit regardless of their ability to pay for it. If the Government started regulating what we could spend and pay back we would be in the shit for sure.
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